Senate okays disputed Argentine reserve transfer

cristina-fernandez-voting

Argentina's Senate on Wednesday gave its assent to a decree allowing the government to assign $4.4 billion of the central bank's reserves to the repayment of creditors.

The vote is the latest episode in nearly four months of wrangling which began when Cristina Fernández, the country's president, demanded a transfer of $6.6 billion in January.

Martín Redrado was sacked as governor of the Central Bank of Argentina, then reinstated, and ultimately resigned on 29 January, over the legality of an eme

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